The people's republic of Kalifornia has become so hostile to business that Silicon Valley will be moving to friendlier places. Austin, TX, Cary, NC, or Lawrenceville, GA will benefit to the Bay Area's detrement.
It's all about Education, Motivation, Opportunity and Great Ideas. Does Silicon Valley have folks with DNA that embrace these...heck yes. Does Silicon Valley have the framework to let them scale-up their companies/employment in the Valley...TBD.